Minerva S.A.

Overview Key strengths Key risks Geographic and portfolio diversity through acquisitions enables the company to reach a global market.Favorable cattle cycle in Brazil and Paraguay should support margins for the next few years.Resilient protein demand, mostly from Asia.Strong liquidity provides cushion during industry downturns. Portfolio mostly consisting of beef products.Exposure to commodity-price volatility and trade barriers.Sizable gross debt and high interest burden. High inflation may pressure margins and global meat consumption. Minerva S.A. announced the acquisition of two additional lamb slaughtering facilities in Australia that are operating. The acquisition will occur through a joint venture between Minerva and Saudi Agricultural and Livestock Investment Company (SALIC; a Saudi investment fund) that will also include the two lamb slaughtering plants the company

...The acquisition of Australian Lamb Company (ALC) bolsters portfolio growth and diversification. Minerva S.A. announced the acquisition of two additional lamb slaughtering facilities in Australia that are operating. The acquisition will occur through a joint venture between Minerva and Saudi Agricultural and Livestock Investment Company (SALIC; a Saudi investment fund) that will also include the two lamb slaughtering plants the company acquired in 2021, which are currently in the ramp-up phase. Through the joint venture, Minerva will have about a 17% share of Australia's lamb meat market. This, along with a strong brand and premium prices,...

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